CoinVoice has recently learned, according to The Block, that the Federal Trade Commission (FTC) of the United States and the state of Nevada have filed a lawsuit against a company named "IML", accusing it of alleged fraud amounting to 1.2 billion dollars. The company provides investment training services in cryptocurrency, binary options, foreign exchange, and the stock market for young investors.

According to the lawsuit documents, IML falsely advertised investment returns while attracting consumers. In reality, the company was aware that its sales personnel either incurred losses or earned very little, with only one in five being able to make more than 500 dollars. [Original link]